Lisbon
Atlantic-facing European capital; tiles and trams; world-class gastronomy; tech and startup hub
* Exchange rates shown for illustration only, based on ECB mid-market rate. Actual transactions may be subject to conversion fees.
⚠ Local STR Restrictions — Lisbon
Lisbon: DL 76/2024 lifted national AL freeze, but municipalities retain power to restrict transfers in containment zones. 10% per-building threshold applies.
Market Analysis — Lisbon
Key demand drivers and main investment risks
✅Demand Drivers
- •Strong tourism
- •central-city liquidity
- •international resident demand
- •IFICI tax regime for new residents
⚠️Key Risks
- •AL policy/containment risk
- •very high entry price
- •cap-rate compression
- •RMAL uncertainty
🇮🇱 Notes for Israeli investors
Medium-high Israeli presence; active Israeli brokerage/relocation ecosystem in Portugal; visible capital in Lisbon market
Properties in Lisbon
435 for sale·250 for rent
Properties for Sale in Lisbon
Latest Listings
Showing 1–12 of 50 listings
2-Bed Apartment · 100 m² in Rua Antero de Quental - Urbanização Colinas do Cruzeiro, Odivelas, Lisboa
1-Bed Studio · 38.9 m² in Pontinha e Famões, Lisboa
10-Bed Villa · 171 m² in Póvoa de Santo Adrião e Olival Basto, Lisboa
3-Bed Apartment · 85 m² in Póvoa de Santo Adrião e Olival Basto, Lisboa
2-Bed Apartment · 70 m² in Rua Cidade da Horta, Pontinha e Famões, Lisboa
3-Bed Apartment · 78.55 m² in Póvoa de Santo Adrião e Olival Basto, Lisboa
3-Bed Apartment · 139 m² in Praceta Aleixo Abreu, Odivelas, Lisboa
2-Bed Apartment · 85 m² in Rua das Granjas - Granjas Novas, Ramada e Caneças, Lisboa
2-Bed Apartment · 85 m² in Rua das Granjas - Granjas Novas, Ramada e Caneças, Lisboa
3-Bed Apartment · 110 m² in Rua das Granjas - Granjas Novas, Ramada e Caneças, Lisboa
4-Bed Villa · 190 m² in Rua Maria Severa - Jardim da Amoreira, Ramada e Caneças, Lisboa
2-Bed Apartment · 117 m² in Rua Beatriz Costa, Ramada e Caneças, Lisboa
Yield by Neighborhood — Lisbon
Microzone investment comparison — CASABROVA
| Neighborhood | Price/m² | STR Yield | STR Status | Character |
|---|---|---|---|---|
| Braga (São Vítor) | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Odivelas | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Torrozelo e Folhadosa | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| São Vicente | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Historic neighborhood in Lisbon with flea market and panoramic views |
| Ílhavo (São Salvador) | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Várzea | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Santo António dos Cavaleiros e Frielas | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Misericórdia | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Historic neighborhood in the heart of Lisbon with nightlife, restaurants, and heavy tourism |
| Covilhã e Canhoso | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Alcântara | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Historic riverside neighborhood undergoing active urban renewal |
| Avenidas Novas businessltrprofessional | €7,000–€8,500 (₪24,431–₪29,666) | 7.5%–9% | STR Restricted 🟡 RMAL 2025: outside absolute containment; exceptional AL approvals possible | Modern business quarter; strong professional LTR; outside absolute containment areas |
| Moreira | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Avintes | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Arroios | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Águas Livres (Lisbon) | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Estrela | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Elegant neighborhood in Lisbon with gardens and the famous Estrela Basilica |
| Viseu | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Historic city in central Portugal with university and emerging property market |
| Benfica | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Large residential neighborhood west of Lisbon with parks and family amenities |
| Silvares, Pias, Nogueira e Alvarenga | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Quarteira | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Coastal resort in the Algarve with sandy beaches and beach tourism |
| Santa Maria Maior | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Historic heart of Lisbon with São Jorge Castle, fado, and tourism |
| Loures | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| São João da Madeira | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Baixa da Banheira e Vale da Amoreira | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Almada, Cova da Piedade, Pragal e Cacilhas | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Rio Tinto | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Covas e Vila Nova de Oliveirinha | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Parque das Nações | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Modern waterfront area with Vasco da Gama Tower and Expo |
| Santo António | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Elegant neighborhood in Lisbon with luxury shops and upscale restaurants |
| Évora de Alcobaça | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| São Bernardo | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Santa Clara | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | |
| Sé Nova, Santa Cruz, Almedina e São Bartolomeu | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Historic center of Coimbra with ancient university and UNESCO heritage |
| Arroios / Sao Vicente gentrificationvaluemulticultural | €6,000–€7,500 (₪20,941–₪26,176) | 7.5%–9% | STR Restricted 🟡 RMAL 2025: check parish-level containment status | Multicultural; gentrifying; best value within Lisbon; STR possible outside containment |
| Campolide | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Elevated residential area near Amoreiras with new development projects |
| Campo de Ourique villageltrresidential | €6,500–€8,000 (₪22,686–₪27,921) | 7%–8.5% | STR Restricted 🟡 RMAL 2025: containment status depends on parish; check before purchasing | Village-feel residential; strong LTR; young professionals; excellent amenities |
| São Domingos de Benfica | €6,900–€7,500 (₪24,082–₪26,176) | 7.5%–8.5% | N/A | Green residential area west of Lisbon near Monsanto Park |
Yield and price ranges are internal AI-research estimates from public real-estate portals (Tranio, Investropa, Globes, etc.), refreshed quarterly. Not primary-source data.
Investment Areas in Lisbon
Braga (São Vítor)
Price from €6,900/m² (₪24,082/m²)
Odivelas
Price from €6,900/m² (₪24,082/m²)
Torrozelo e Folhadosa
Price from €6,900/m² (₪24,082/m²)
São Vicente
Historic neighborhood in Lisbon with flea market and panoramic views
Price from €6,900/m² (₪24,082/m²)
Ílhavo (São Salvador)
Price from €6,900/m² (₪24,082/m²)
Várzea
Price from €6,900/m² (₪24,082/m²)
Santo António dos Cavaleiros e Frielas
Price from €6,900/m² (₪24,082/m²)
Misericórdia
Historic neighborhood in the heart of Lisbon with nightlife, restaurants, and heavy tourism
Price from €6,900/m² (₪24,082/m²)
Covilhã e Canhoso
Price from €6,900/m² (₪24,082/m²)
Alcântara
Historic riverside neighborhood undergoing active urban renewal
Price from €6,900/m² (₪24,082/m²)
Avenidas Novas
Modern business quarter; strong professional LTR; outside absolute containment areas
Price from €7,000/m² (₪24,431/m²)
Moreira
Price from €6,900/m² (₪24,082/m²)
Avintes
Price from €6,900/m² (₪24,082/m²)
Arroios
Price from €6,900/m² (₪24,082/m²)
Águas Livres (Lisbon)
Price from €6,900/m² (₪24,082/m²)
Estrela
Elegant neighborhood in Lisbon with gardens and the famous Estrela Basilica
Price from €6,900/m² (₪24,082/m²)
Viseu
Historic city in central Portugal with university and emerging property market
Price from €6,900/m² (₪24,082/m²)
Benfica
Large residential neighborhood west of Lisbon with parks and family amenities
Price from €6,900/m² (₪24,082/m²)
Silvares, Pias, Nogueira e Alvarenga
Price from €6,900/m² (₪24,082/m²)
Quarteira
Coastal resort in the Algarve with sandy beaches and beach tourism
Price from €6,900/m² (₪24,082/m²)
Santa Maria Maior
Historic heart of Lisbon with São Jorge Castle, fado, and tourism
Price from €6,900/m² (₪24,082/m²)
Loures
Price from €6,900/m² (₪24,082/m²)
São João da Madeira
Price from €6,900/m² (₪24,082/m²)
Baixa da Banheira e Vale da Amoreira
Price from €6,900/m² (₪24,082/m²)
Almada, Cova da Piedade, Pragal e Cacilhas
Price from €6,900/m² (₪24,082/m²)
Rio Tinto
Price from €6,900/m² (₪24,082/m²)
Covas e Vila Nova de Oliveirinha
Price from €6,900/m² (₪24,082/m²)
Parque das Nações
Modern waterfront area with Vasco da Gama Tower and Expo
Price from €6,900/m² (₪24,082/m²)
Santo António
Elegant neighborhood in Lisbon with luxury shops and upscale restaurants
Price from €6,900/m² (₪24,082/m²)
Évora de Alcobaça
Price from €6,900/m² (₪24,082/m²)
São Bernardo
Price from €6,900/m² (₪24,082/m²)
Santa Clara
Price from €6,900/m² (₪24,082/m²)
Sé Nova, Santa Cruz, Almedina e São Bartolomeu
Historic center of Coimbra with ancient university and UNESCO heritage
Price from €6,900/m² (₪24,082/m²)
Arroios / Sao Vicente
Multicultural; gentrifying; best value within Lisbon; STR possible outside containment
Price from €6,000/m² (₪20,941/m²)
Campolide
Elevated residential area near Amoreiras with new development projects
Price from €6,900/m² (₪24,082/m²)
Campo de Ourique
Village-feel residential; strong LTR; young professionals; excellent amenities
Price from €6,500/m² (₪22,686/m²)
São Domingos de Benfica
Green residential area west of Lisbon near Monsanto Park
Price from €6,900/m² (₪24,082/m²)
Editorial | CASABROVA
All articles →Q2 2026 Investor Briefing
Our quarterly cross-market briefing: twenty-nine markets, the cost of borrowing as a foreign buyer, cycle position, tax by nationality, and the CASABROVA Score.
After Spain: Where Europe’s Foreign Property Money Goes Next
Spain is now late-cycle and crowded for foreign buyers — so where does Europe's property money rotate next? CASABROVA separates revealed preference, structural quality (the Score) and timing (the Master Index), and maps the case for Romania, Poland and the UAE.
CASABROVA Global Investor Briefing — June 2026
June’s briefing is a one-time Score reset: Netherlands, Ireland and Poland cluster at the top; Spain, Portugal and Czechia remain in withdrawal; Greece is at peak; Germany and the UK move toward recovery; Romania enters the Virtual Portfolio.
The Yield Illusion: Why Municipal STR Regulations are Destroying Cross-Border Valuations
A massive "Yield Illusion" has formed. Investors are pricing properties based on historical cash flows, fatally ignoring that hyper-local municipal regulations have decoupled historical performance from future returns.
Iberian Crossroads: Portugal vs. Spain for Real Estate Investors in 2026
Spain has tightened STR rules and abolished its Golden Visa entirely. Portugal pivoted — lifting license freezes but doubling entry tax. A surgical comparison of the four vectors that matter.
Market Review — Lisbon
Lisbon is Southern Europe's most polished real estate market — a city that has transformed from a budget destination into a global tech and lifestyle hub over the past decade. At €6,900–7,500/sqm, prices are approaching Western European levels, but STR yields of 7.5–8.5% remain strong enough to justify entry. LTR at 4–4.5% provides a stable baseline.
The STR regime in Lisbon is nuanced: new licenses in the historic center (Alfama, Baixa, Chiado) are restricted, but established licenses trade at a premium. The suburban ring (Almada, Cascais, Sintra) offers alternatives. Year-over-year growth of 6% is steady and sustainable — no longer the double-digit spikes of the Golden Visa era, which is actually healthier.
Post-Golden Visa, post-NHR, the investor profile in Lisbon is shifting from tax-optimizers to genuine lifestyle buyers and operators. This is positive for long-term market health. The Web Summit and tech startup ecosystem provide employment-driven demand that didn't exist a decade ago. Risk: Lisbon's rental market is increasingly regulated, with rent control proposals gaining political traction. For investors, the sweet spot has moved south to the Algarve and Silver Coast for yield, while Lisbon itself is increasingly a capital appreciation play.
Last updated: April 13, 2026
Discussions — Lisbon
Share insights, ask questions and discuss with other investors
No discussions yet — be the first!